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Wayside Technology Group, Inc. Announces Changes to Its Management
May. 14, 2018 09:36AM PST
Data InvestingWayside Technology Group Inc (NASDAQ:WSTG) announced that Simon F Nynens has resigned as the company’s president and chief executive officer and also as a director and chairman of the board of directors of the company. As quoted in the press release: Mr. Nynens does not intend to stand for election as a director at the …
Wayside Technology Group Inc (NASDAQ:WSTG) announced that Simon F Nynens has resigned as the company’s president and chief executive officer and also as a director and chairman of the board of directors of the company.
As quoted in the press release:
Mr. Nynens does not intend to stand for election as a director at the Company’s 2018 Annual Meeting of Stockholders. Steve DeWindt, the Company’s current Lead Director, will serve as the Company’s interim President and Chief Executive Officer until a permanent successor has been named. Mr. Nynens will remain available for the next 30 days to assist Mr. DeWindt with the transition.
The Board also elected Jeffrey R. Geygan to serve as Chairman of the Board. The Company will continue to execute on its previously announced strategic initiatives.
“The Board thanks Mr. Nynens for his leadership, service and commitment to the Company for the past 12 years and wishes him the best in his future endeavors,” said Mr. Geygan, the newly elected Chairman of the Board.
Mr. Geygan stated further, “While a search for Mr. Nynens’ successor is underway, Mr. DeWindt will oversee the transition until the appointment of a new CEO. We are fortunate to have Mr. DeWindt step into a management role as we continue to execute on our strategic initiatives.”
Mr. DeWindt is a technology industry veteran with deep experience in distribution and software solutions. He created Intel’s reseller channel organization. Mr. DeWindt headed up Computer 2000 in Europe, growing their revenues to $3.5B, and also ran two other distribution companies in the US. Mr. DeWindt has served as a director of the Company since January 2014. Mr. DeWindt has served as the Executive Vice President of Solium, Inc. since November 2012. From October 2010 to November 2012, he was the Executive Chairman, President and Board of Directors member of OptionEase, Inc. (now Solium). From June 2007 to October 2009, Mr. DeWindt was the Co-founder, President, Chief Executive Officer and Board of Directors member of Sparxent, Inc. (now Verismic Software). Prior to that, Mr. DeWindt served in various executive management capacities in sales and marketing for a number of companies. Mr. DeWindt also serves as the Chairman of the Board of Directors of Group 47.